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Egypt’s MIHC appoints Basel El Hiny as chairman and MD
MOVES- State-owned Misr Insurance Holding Company (MIHC) has officially appointed Basel El Hiny (LinkedIn) as company chairman and managing director,…
MANUFACTURING-
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Domty plans new local investment as it temporarily shelves African expansion strategy
Domty will be committing new capital to the local market in the coming months after the company decided to postpone…
Markets suffers potato “crisis,” free internet for a month?
The spike in the price of potatoes was the hottest topic on the airwaves last night. But first: You’re may…
Egypt’s SEDICO to export locally manufactured medications to Italy
SEDICO Pharmaceutical Company has signed agreements to begin exporting five of its meds to Italy “in the coming period,” chairman…
Ezz Steel Rolling Mills to borrow EGP 2.5 bn for working capital, expansion
Ezz Steel subsidiary Al Ezz Rolling Mills is near closing a EGP 2.5 bn loan agreement with five local banks…
Marubeni to build textile factory in Kafr El Sheikh for Cotton Holding co.
Japan’s Marubeni Corporation will be building a new textile factory in Kafr El Sheikh for the Cotton & Textile Industries…
IDA extends deadline for industrial registration to 31 December
The Industrial Development Authority (IDA) decided yesterday to give factories in industrial zones a penalty-free extension until 31 December to…
Ethydco, SIDPEC and ECHEM acquire 100% stake of CCI for USD 15 mn
M&A WATCH- Three state-owned companies close USD 15 mn buyout of CCI: State-owned companies Egyptian Ethylene and Derivatives Company (Ethydco),…
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